Skip to main content
Level 1
November 16, 2022
Question

Sold a rental property

  • November 16, 2022
  • 1 reply
  • 11 views

How does depreciation work on the sale of an income property?

    1 reply

    Level 5
    November 16, 2022

    Accumulate depreciation will decrease the cost basis of the rental property, which generally increases gain on sale.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"